Barratt Developments plc (OTCMKTS:BTDPY – Get Free Report) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 42,300 shares, a drop of 13.0% from the December 15th total of 48,600 shares. Based on an average daily trading volume, of 58,200 shares, the short-interest ratio is presently 0.7 days.
Barratt Developments Stock Performance
Shares of Barratt Developments stock opened at $10.44 on Friday. Barratt Developments has a twelve month low of $9.68 and a twelve month high of $14.85. The company’s 50 day moving average is $10.79 and its 200 day moving average is $12.16.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada raised Barratt Developments from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 2nd.
Barratt Developments Company Profile
Barratt Redrow plc engages in the housebuilding business in the United Kingdom. The company acquires and develops land; plans, designs, and constructs homes, apartments, penthouses, and communities, as well as undertakes mixed-use regeneration schemes; and develops retail, leisure, office, industrial, and mixed-use properties.
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